What this record is. Deren is a Shenzhen-listed maker of connectors, appliance harness and automotive harness — the kind of supplier a harness buyer could reasonably shortlist. It is recorded here instead of profiled for one reason: an administrative finding that its 2020 annual report, its 2021 annual report and its 2022 half-year report contained false statements, with fabricated receipts put by the regulator at more than ¥500m over two and a half years. The stock has carried the ST flag since 2026-01-06, and a second ST condition was stacked on it on 2026-04-29.
Why it is here rather than quietly dropped. A directory that deletes the companies that fail is telling you only half of what it knows. The same public records that a buyer needs to screen a supplier out are the ones that make the surviving profiles credible — so the failing ones stay, dated and sourced, in the same format.
What this record is not. It is not a claim about product quality, delivery or engineering capability, none of which this directory has measured for this company. It is a claim about disclosure — and for a buyer placing a programme that runs several years, disclosure is the part that decides whether a supplier can be trusted with a forecast.
| Field | Value | Source |
|---|---|---|
| 1 · Legal name | 深圳市得润电子股份有限公司 Shenzhen Deren Electronic Co., Ltd. (ST得润 from 2026-01-06) | Qibook |
| 2 · USCC | 914403006188203260 Matches the code printed in the 2025 annual report | Qibook; 2025 annual report |
| 3 · Founded · listed | 1992-04-10 per the registry Shenzhen Stock Exchange 002055, listed 2006 The company’s own site and press coverage say 1989 — the same two-birthday pattern seen elsewhere in this directory | Qibook; deren.com description (“founded 1989”) |
| 4 · Address | Deren Electronics Industrial Park, No. 269 Huitong Road, Fenghuang Street, Guangming District, Shenzhen | Qibook |
| 5 · Capital | Registered and paid-in ¥604,490,017 (604.49m shares) | Qibook |
| 6 · Control | Chairman and general manager 邱扬 (took the manager role at the 2026-04-22 board change) Vice-chairman 刘标 · actual controllers 邱为民、邱建民 | Qibook change log |
| 7 · Industry code | 3831 — 电线、电缆制造 (wire and cable) The business scope names connectors, automotive connectors and harness, flexible PCB, LED holders, precision moulds — the code captures the oldest line, wire and cable | Qibook |
| 8 · Headcount | 6,550 employees (2025, registry figure) The company does not publish a site-level headcount; no insured figure for the Shenzhen legal person was available in the databases used here, so that comparison is left open rather than filled | Qibook |
| 9 · What it makes | Precision connectors and components (AI-server, PC, communications); appliance harness and connector assemblies; automotive connectors and harness; LED holders and lenses Plant network: Shenzhen head office plus a Heshan branch in Guangdong; former Suzhou and Hefei branches are deregistered — check which entity would actually invoice you | Qibook; deren.com |
Every step below is taken from a filing or a regulator’s notice. The sequence is the finding: this is not a single bad quarter, it is a five-year repair of statements that were published as complete.
The 2020 annual report, the 2021 annual report and the 2022 half-year report. The regulator’s finding describes fabricated collections (“虚构回款”) totalling more than ¥500m across two and a half years, and a 2022 private placement whose documents quoted the falsified figures.
The board approves an accounting-error correction and retrospective restatement of the affected years — the step that later becomes one of the two conditions for lifting the ST flag.
The group loses control of Meta System S.p.A., which drops out of the consolidated accounts at the end of 2024, with a large impairment. Reported net loss attributable to shareholders −¥1,224.8m for the year.
Shenzhen bureau of the CSRC issues a prior notice of administrative penalty: the company is warned and fined ¥7.0m; 邱建民 is fined ¥12.0m (¥4.0m as responsible manager, ¥8.0m as actual controller) and barred from the securities market for five years; 邱扬 is fined ¥2.0m and the then finance director ¥1.5m. Total penalties ¥22.5m.
The stock is suspended for one day on 2026-01-05 and resumes under the “other risk warning” flag, which also cuts the daily price limit from 10% to 5%. The exchange states that the case does not trigger compulsory delisting.
Three consecutive years (2023–2025) with negative net profit before and after non-recurring items, plus a 2025 audit report carrying a material-uncertainty-about-going-concern paragraph from the auditor 中证天通. The flag stays; the ticker does not change.
Revenue ¥2.154bn and ¥59.3m of net profit attributable to shareholders for the six months, against a ¥33.8m loss for the whole of 2025. The connector business is being carried by AI-server demand; the harness business is not what is moving the number.
| Year | Revenue | Net profit attributable | Recurring | Note |
|---|---|---|---|---|
| 2023 | ¥5.987bn | −¥203.1m | −¥231.7m | Already loss-making before the penalty |
| 2024 | ¥5.178bn | −¥1,224.8m | −¥2,000.9m | Meta Systems deconsolidated; large impairment |
| 2025 | ¥4.505bn −12.99% | −¥33.8m | +¥36.6m | Fourth-quarter provision for the CSRC penalty and investor litigation; recurring profit turns positive |
| 2026 H1 | ¥2.154bn | +¥59.3m | — | Profitable, on AI-server connector demand |
Three numbers sit behind that table and all three matter to a buyer. Gearing 73.89% at the end of 2025, with ¥701m of it interest-bearing. Operating cash flow −¥409.7m for 2025 — negative in all four quarters, and negative again in the first half of 2026 at −¥66.9m. And retained earnings of −¥2.238bn, which is what losses in every year from 2019 to 2025 leave on the balance sheet — press counts put the 2019–2024 cumulative at near ¥3.2bn, and 2025 added a further ¥34m.
The one-line reading for a sourcing decision. A supplier whose 2025 audit carries a going-concern paragraph is a supplier whose ability to keep funding working capital is formally in question. A harness programme consumes working capital for the length of the programme — copper, connectors, WIP, 60–90 day terms. Deposits and prepayments are the exposure, not the piece price.
Measured on 2026-11-03. The technical layer here is better than most plants in this directory — valid TLS 1.3, a real certificate chain, a fast site. What is missing is the disclosure layer, and one omission is conspicuous.
| Check | Result | What it means |
|---|---|---|
| HTTPS | Valid — GeoTrust/DigiCert wildcard *.deren.com, 2025-12-23 to 2027-01-23 | The infrastructure is maintained, unlike several plants here |
| Plain HTTP | HTTP 502 on port 80 | Not a redirect — a gateway error. Any old http:// link in a buyer’s notes is dead |
| robots.txt · sitemap.xml | 404 · 404 | No crawl policy, no page inventory |
| The ST flag | Not mentioned anywhere on the homepage | No reference to the 2026-01-06 designation, the penalty, the restatement or the going-concern paragraph. An investor arriving from the site would not know any of it happened |
| Listing description | Names the 1989 founding and the 2006 listing; describes connectors and precision components | Accurate about the business, silent about the year it is having |
| Language attribute | <html lang="en"> on a Chinese-language page | The same defect as Victory Giant and DSBJ in this directory: the page tells every parser it is English |
| Heading structure | Zero <h1> on the homepage | Nothing on the page states what the page is about, in the one place a crawler looks first |
| Structured data · hreflang | 0 JSON-LD · none | Company, ticker and products are all in the prose and none of it is machine-readable |
| Certificates & capacity | No certificate number, no capacity, no MOQ, no lead time | Registry lists ISO 9001, ISO 14001, ISO 45001, CCC and CQC as held — none is numbered publicly |
There is a pattern worth naming, because it repeats across this directory: the companies with the most to disclose publish the least. Deren has a regulator’s notice, a restatement, a going-concern paragraph and a live investor-relations page — and its own homepage still reads as though none of that exists. A buyer doing twenty minutes of diligence would find it in ten, at the exchange. The site neither helps nor corrects.
This directory lists factories it has measured and records the ones it has screened out, in the same format and with the same sourcing rule. Deren was assessed for a harness profile on 2026-11-03 and did not meet the screening standard, which is set out in full on the methodology page. No profile will be published while the ST designation stands; the record will be revisited if the flag is lifted and the financial statements are clean for a full year.
No claim on this page is about product quality. Nothing here says the harness is badly made, the connectors fail, or the plant cannot deliver — this directory has not measured any of those things at this company, and it does not publish what it has not measured.
Every statement above is tied to a filing, a regulator’s notice or a direct measurement, and every one is linked below. If a fact is inaccurate, or has been superseded — a lifted flag, a successful restatement, a settled case — send the public source to hello@emssuppliersverified.com and it will be corrected within five working days. Corrections are applied to the record, not appended as a footnote.
lang="en"; 0 h1; 0 JSON-LD), robots.txt (404), sitemap.xml (404)Other records in this section: Shenbei Circuit, bankruptcy declared 2024-08-23 · Guangtian Electronics, 238 court cases. For the plants that did pass screening, start at wire harness — five profiled, including Kunshan Huguang, the region’s pure-play automotive Tier-1.